Prosus anticipates as many as 5 potential IPOs from its Indian portfolio over the following 18 months, signaling rising momentum on this planet’s second-largest web market.
The Dutch funding group on Monday named funds massive PayU, e-commerce startup Meesho, and on-line jewellery vendor Bluestone among the many many many startups which are preparing for an IPO.
TechCrunch reported final month that bigger than 20 Indian startups should go public in 2025. These embrace Prosus-backed Metropolis Company, Pharmeasy, and Captain Updated.
Prosus’ announcement comes after it raked in $2 billion in earnings from meals present firm Swiggy’s IPO final month. Swiggy’s $1.34 billion itemizing marked this yr’s largest expertise IPO internationally.
Prosus has furthermore deepened its Indian investments in latest weeks, investing about $180 million all by two new offers. The group acquired a ten.65% stake in current chain financing platform Mintifi for $79.9 million, and in addition to took a 7.8% place in housing finance company Vastu for roughly $100 million.
Leave a Reply